In Cambodia, Poipet also has a history with casinos – currently around 30 plus a burgeoning manufacturing industry. A border town with Thailand formerly known for getting scammed or ripped off, a recent upgrade to a position on the rail line from Bangkok to Phnom Penh has given Poipet a well-needed boost, not just in development & investments, but in reputation as well. Sihanoukville on the southern coast remains a viable alternative to the Phnom Penh market bolstered by Chinese investors looking for quick contracts and more respectable rental yields. Projects like Seagate Suite by KHCN Investment and Development Co., Ltd have certainly done their part to help transform the Cambodian markets.

Finally we wrap up with what you came for, your Phuket, Thailand update. Unfortunately, those speaking on the record left it at an acceptable steadyish level of growth in 2018 but nothing spectacular, owing in part to Phuket 2020 and the Smart City / Hub plans beginning to come to fruition. However, industry gamechangers like FazWaz Property Group have reported very interesting numbers for the latter half of 2018.

Overall PPW is going to predict a flashy yet substantial 2019, for what it’s worth.

About The Watcher

Just providing useful property and real estate news in Phuket and Thailand to readers worldwide. Managing editor Paulie Gualtieri has lived in Thailand for five years, working with a local property firm to gain valuable insights on the property markets and real estate trends in Thailand.